Fire out at Brazil’s Rumo sugar terminal, damage limited

A fire that was put out at the Rumo sugar terminal at the port of Santos in Brazil did not damage sugar stocks, the company that is controlled by sugar and ethanol producer Cosan said in a statement on Tuesday.

Rumo said a fire broke out in its XXVI warehouse in the afternoon on Monday but was “totally brought under control”. The company said it would investigate the fire’s cause but provided no additional details.

News of the fire at Rumo spread quickly among trade sources gathered at the sugar conference in Dubai, after the massive fire at a terminal operated by Copersucar on Oct. 18 shocked the industry.

The Copersucar terminal fire severely damaged five sugar warehouses, shutdown 10 million tonnes of annual export capacity and triggered a sharp rally in ICE raw sugar futures at the time.